Spring is here, and it's the perfect time to discover fresh feelings of adventure.If you are willing to explore your need for speed, then RepoKar is the right place for you! RepoKar is a fun, high-octane online Public Auto Auction where you'r...
About one in seven driving Americans may likely purchase an electric vehicle as their next car, according to an AAA poll, meaning that as many as 30 million Americans may pony up for an electric car within the next three to five years. While some of the motivation is environmental, survey recipients say that lower maintenance expenses and solo access to high-occupancy-vehicle lanes are also among the factors behind potentially going electric. The poll indicates that about as many people are planning to buy an electric vehicle for their next car as are looking to buy a pickup, which...
China expects its annual automobile production output to reach 30 million by 2020 and 35 million by 2025. The car sales are expected to rise also, new energy sales might reach 2 million units by 2020. Today China is the world’s largest market for new car sales. Last year 28 million cars were sold in China, and if it’s going to reach those expected 35 million, this amount is gonna be nearly double the 17,5 million units sold in United States last year. The country’s focus on NEVs, a category that includes battery electric cars, plug-in hybrids and fuel-cell cars, wou...
Guangzhou Automotive Group is considering renaming its Trumpchi brand before it starts to sell cars in America in 2019. The reason is obvious, as the brand name GAC Motor has chosen doesn't necessarily sit well with all prospective customers. The reasoning behind the Trumpchi name has to do with the romanization of a Chinese brand name GAC Motor had begun using, "Chuanqi". That name, loosely translated, means "legendary" in Chinese, and it's something the automaker wanted to convey in a more easily pronounced way, choosing "trump" for, well, tr...
Toyota Motor Corp. executive claims that the U.S. auto market has peaked and will shrink this year, with manufacturers using unprecedented incentives to support passenger cars through slumping demand. The president of Toyota’s U.S. sales unit, Bob Carter, says that industrywide deliveries may decline to as low as 17 million vehicles from last year’s record of about 17.5 million. A rapid shift in demand toward sport utility vehicles at the expense of sedans is the main factor driving automakers’ heavy discounts. Once the industry starts to get their pipelines lined ...
Tesla has leapfrogged General Motors to become America’s most valuable carmaker, riding a wave of optimism about the electric vehicle company despite its continuing losses. Shortly after the start of trading on April 10th, Tesla's stock market cap overtook that of GM – it was worth about $51 billion, or $1.7 billion more than its established rival. While it's not clear that this will last, it's no mean feat for a company that has made just three car models in its brief 13-year history. The big question is whether or not Tesla can back up that value with raw sales number...
